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Third Party Insurance
Buy all kind of Insurance Plans at a Single PlatformSecuring your Vehicle from any Damage Threat
About Third Party Insurance?
Third Party Insurance is a must require policy regulated by the Motor Vehicles Act 1988. The motive to begin the third party insurance is to ensure the fact that the primary beneficiary of the policy is neither the main policyholder nor the insurance company, but the 3rd party from whom the policy is being purchased. Here, the third party is going to cover all the liabilities that occur from the end of the vehicle owner in any unforeseen incident. According to the rules, the IRDA (Insurance Regulatory and Development Authority) computes all the damages and put a stamp over it.
Why Buy a Third Party Insurance?
The importance of third-party insurance can be seen during the legal clauses. The third party insurance is very important in the scenario of your vehicle hitting some other vehicle and there is damage to both vehicle and includes human injury as well. Here, it is difficult to measure the impact of the accident on the vehicle as well as human injury, which may lead to registration of a legal case. Here, the third party insurance policy can help you in tackling this situation that includes the injury, vehicle damage and death as well and takes care of your financial liabilities. Third Party Insurance is a special type of insurance policy whose motive was to provide benefits to the third party that may suffer in any unforeseen incident.
Benefits of a Third Party Insurance
How to Select the Best Third Party Insurance?
All third party car insurance must include the Compulsory Civil Liability clause, without this clause, in case of accident we may be involved in serious problems with the law.
Third-party car insurance covers car damages, physical damage to the other driver, medical expenses, compensation in case of disability, death, among others. It does not cover expenses for vehicle theft.
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Compare the plans of different insurance companies and then select from the best option. Also, check out for the additional benefits they are offering under their premium.
